General Employee Retirement Committee Regular Meeting

City of Port Orange – City Hall

1000 City Center Circle, 2nd Floor – 2nd Floor Conference Room

 Monday, February 28, 2011 @ 10:00 a.m.


I.                  Call to Order:

Chairman John Shelley          Donna Steinebach               Ray Pinkley

Jan Parsons                               Robert Ford                          Julia Wiggins

Shirley Treon


                   OTHERS PRESENT:


II.               Approval of Minutes:

a.       January 24 – Quarterly Meeting


III.        Unfinished Business:



IV.         Financials:

a.       January 2011 - Dave Leonard

b.      Investment Policy Statement – Jeff Swanson



V.             New Business:

a.       Knight’s January 2011 Commission Recapture Statement

b.      Application for Retirement - James Foster

c.       Special City Council Meeting  for Actuary Cost Proposal



VI.         Consent Agenda

                     For Approval:

                     Warrant #39

                     Benefits USA, Inc. (Admin Fees 02/11; INV #POG028)                         $ 2,000.00

                       ICC Capital Management (1st Qtr ’11 Mgmt Fees; INV #57531033)      $26,883.74



                    For Ratification: 

                   Warrant #38

                    Donna Steinebach (Reimb. For FPPTA Trustee School Travel Expense)       $     504.84

                    Shirley Treon (Reimb. For FPPTA Trustee School Travel Expense)               $     504.84














VII.      Distributions:

           Mandatory Plan

            For Approval:


            For Ratification:



            Voluntary Plan

            For Approval:

                     a.   Thomas Bliven                    Partial Withdrawal                            $  10,000.00


                    For Ratification:  

                      a.   Recardo Wilker                  Partial Withdrawal                            $  20,000.00

                        b.   Rose Carlson                    Total Withdrawal                               $      1,510.98

                      c.   Elizabeth Hammons                      Total Withdrawal                               $      2,053.28



  VIII. Reports:

a.    Attorney

b.    Comments from Committee Members

c.     Administrator

d.      Correspondence


IX.            Next Meeting Date:  


  X.      Adjournment:


Any person who desires to appeal any decision made by the General Employee Retirement Committee will need a record of the proceedings, and for such purpose he or she may need to ensure at his or her own expense for the taking and preparation of a verbatim record of all testimony and evidence of the proceedings upon which the appeal is based.


NOTE:  If you are a person with a disability who needs any accommodation in order to participate in this proceeding, you are entitled, at no cost to you, to the provision of certain assistance.  Please contact the Deputy City Clerk for the City of Port Orange, 1000 City Center Circle, Port Orange, Florida 32129, Telephone Number (386) 506-5563, within (2) two working days of your receipt of this notice or (5) five days prior to the meeting date; If you are hearing or voice impaired, contact the relay operator at 1-800-955-8771.